Investment News
Korean Game Startup ‘IDIOCRACY’ Secures $500k After 8-Week Course On Entrepreneurship & Company Building
2014년 11월 25일

oIDIOCRACY is a cross format game that allows both PC and mobile users to play simultaneously. As a board game it is also accessible to players of all groups of ages. “I was very happy with the reasonable terms of investment from our Hong Kong investors, and the quick turnaround process,’ stated a company representative. “We are now adding the final touches, ready for release.” While the team’s first title is for…

Mbite, Korean Provider of Game Illustrators’ Platform, Receives Cash Investment from Global Brain
2014년 07월 08일

Global Brain, an early and growth stage investor from Tokyo has just announced its most recent investment in a Korean startup. The “GB-V Growth Fund Investment Limited Partnership” managed by Global Brain Corporation, has invested an undisclosed amount in Mbite Inc., from Seoul, Korea. Founded in 2011 MBite is a global provider of game illustrators’ matching platform “rainbow.dot”. The fresh finances will be used to bolster R&D capabilities and hire a global sales team….

Coupang, A Korean Next-Gen E-commerce Platform Raises $100M From Sequoia Capital, Reaches $1Bn Valuation

Coupang, a leader in next generation e-commerce based in Seoul Korea, has raised $100 million in financing led by Sequoia Capital, with participation by existing investors Greenoaks Capital Management, Rose Park’s Disruptive Innovation Fund and LaunchTime. This investment comes at a time when rumours about a possible IPO at some point in 2015 abound in the local Korean startup ecosystem, and follows in the same week that Korea’s other ‘mega-startup,’ Kakao Corp….

What You May Not Have Known About Korea, ‘Land of the Morning Calm’ & Now Startup Hub in NE Asia

Korea, once referred to as the ‘Land of the Morning Calm,’ is emerging as one of the key startup hubs in Asia. I have witnessed firsthand the exponential pace of change in this once conservative and shy nation over the last ten years, and I am encouraged by the hunger with which local founders are embracing the challenge and opportunity presented by entrepreneurship. As predictable and arduous corporate careers begin to lose…

Eight News Stories From Korea’s Mobile & Technology Industry, Featuring Samsung, LG, Pantech
2014년 04월 21일

1. Pantech Co., South Korea’s smallest smartphone manufacturer after Samsung and LG, recently raised concerns over a mobile carrier’s decision to cut the factory price of its smartphone, saying the two did not have an agreement on the matter. LG Uplus said it will slash the price of Vega Secret Up smartphones by 37%, to $577.92 from the previous price of aroun $900, claiming the move is meant to help Pantech expand…

Korean Startup, Malang Studio, raises 2.0 billion KRW For Expansion From Yellow Mobile
2014년 04월 10일

Malang Studio, well known for their popular alarm app, AlarmMon, has recently raised 2.0 billion KRW (aprox. $1.9M)  in its latest fund raising round from Yellow Mobile, a leading local mobile-centric company who’s business portfolio ranges from mobile commerce to media/publishing and marketing/advertising. This fund raising by Malang is the latest of the series of milestones that the company has accomplished in recent months. Early this year, the company achieved a break-even in its monthly financial…

Korean Gaming Heavyweight, Smilegate, Buys $112 million stake in Sundaytoz, Becomes Biggest Share Holder
2014년 03월 28일

Smilegate, Korea-based maker of online games, has just announced a $112 million buyout of 20% of Sundaytoz’ stock in a move that makes the company behind global success, Crossfire, the largest stake holder. Smilegate is one of the most successful players in the Korean online gaming industry. For the last last two consecutive years Smilegate has been the proud owner / developer of the world’s highest grossing online game. Crossfire, with revenues of…